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radioray
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PostPosted: Thu Feb 14, 2008 1:23 am 
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Let's just say there's a condo on the 6th floor of the NBC Tower in Chicago in danger of foreclosing. The current owner misjudged it's marketability and got trapped into a long-term sub-prime, sub-lease. It costs at least $1.5 million a year to maintain but the rental income just isn't there.
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WestmontMike
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PostPosted: Thu Feb 14, 2008 1:22 pm 
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All of the above (besides losing home, I don't own one).
Always interested in the rehabbing/investing part of real estate but don't have the capital to get it going.
It's not really clear what you're proposing but I guess you wouldn't be in sales if you were clear about everything (that's a joke)...
...but seriously, what type of deal is it you're looking for?
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Frank Coztansa
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PostPosted: Thu Feb 14, 2008 3:12 pm 
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I'll trade you Marvin Gardens, the B&O Railroad, and Oriental Avenue for Park Place.

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Irish Boy
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PostPosted: Thu Feb 14, 2008 3:20 pm 
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Frank Coztansa wrote:
I'll trade you Marvin Gardens, the B&O Railroad, and Oriental Avenue for Park Place.


Fuck you!
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Darkside
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PostPosted: Thu Feb 14, 2008 4:22 pm 
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Nas wrote:
Like I said PM me because it easier to answer questions that way and I won't end up confusing the whole board.


Too Late!

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M_C
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PostPosted: Fri Feb 15, 2008 1:31 pm 
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Let's just say there's a condo on the 6th floor of the NBC Tower in Chicago in danger of foreclosing. The current owner misjudged it's marketability and got trapped into a long-term sub-prime, sub-lease. It costs at least $1.5 million a year to maintain but the rental income just isn't there.


I thought you were taking a jab at Mike North when I first read this.

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Board index » GENERAL BULLSHIT SECTION » BUY, SELL, TRADE, FREE, PROMOTE, EVENTS, FEEDBACK

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